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Palladium: 1485.00 USD
Rhodium: 3930.00 USD

Archive

Why Gold and Precious Metals Love Central Banks

On Wednesday of this past week, Federal Reserve Chairman Ben Bernanke announced that the U.S. central bank would not beg...

Why Currencies Care About Debt

Debt is a big issue recently.  Given the western world’s inability to manage the expenditure side of their balance sheets, debt is likely to continue to be a big issue for the foreseeable f...

Would a Gold Standard be that Bad?

The question here is relatively straightforward: would a gold standard really be detrimental to business and the economy at large?  First, we need to define gold standard. A gold standard h...

Would ECB Tightening Hurt the Euro?

The European Central Bank (ECB) has been involved in loose monetary policy since October 2008. Of the market manipulation activity the ECB has been involved in over this period are manipulating short-...

How Important is Gold to the World Economy?

  A recent report by Price Waterhouse Coopers and the World Gold Council detailstheir global view of the importance&n...

Why Gold is Still a Good Buy

In order to ascertain whether gold is still a good buy, one should ask the followingquestions:    1.  ...

Do IMF Gold Reserves Influence the Gold Price?

In September 2009, the IMF’s Executive Board authorized the total sales of about 400 metric tons of gold.  The gold was sold in two phases – market and non-market transactions. &...

Wealth Heads East

Over the last 20 years the world has seen the continued globalization of the labor force, rapid development of technology and an incredible rise in the value of gold, silver, and other commodities. Wh...

Gold Outlook for 2014

The question here is about as straight forward as they come: what are the chances goes appreciates in 2014?  The following figure is what the year over year percentage change in the price of g...

How Well Did the Euro Do in 2013?

How well did the euro do this year against the other major currencies?  Here are the figures.  Overall, it was a good year to be the owner of the euro, with the currency up against mos...

Precious Metals and the US Jobs Report

This week includes some big indicators, including EU and U.S. PMI reports, EU producerprices, interest rate and asset&nb...

How Will Emerging Markets Affect Precious Metals?

Deutsche Bank Research is out with a new piece on emerging market stories.  The question here is – how might these nine stories affect the precious metals markets in the near term. ...

What do Tax Hikes Have to Do With the Price of Gold?

It is a politically charged topic – taxes.    Amusingly, the price of gold also captures the political world’s eye.  With certain elected officials arguing that n...

How Important is Russia to the World Economy?

Leaders in Russia, the United States, Germany, and other European countries appear to be on the same page now - Crimea w...

Platinum and Unions: Who Will Win?

Platinum, the world's third most popular precious metal behind gold and silver, continuesto be under production pressure ...

Is the Practice of Central Banking Credible?

Is the practice of central banking credible?   What does this question imply for precious metals? In the economics world, there i...

Does the US Jobs Report Paint a Bright Outlook for Precious Metals?

Precious metals jumped on news from the US on Friday that the economy saw net 288K new jobs, much higher than the 215K the market had been expecting. Interestingly, the markets viewed the jobs report ...

Could Putin Trigger the End of the Dollar?

Certain western countries - the US chief among them - continue to threaten Putin on Ukraine. USleaders publicly show strong i...

What Does the Rise of China Mean for Precious Metals?

What does the rise of Chinese businesses and the Chinese consumer mean for the outlookof the precious metals markets? &nbs...

Is Demand From Indian Consumers Set to Drive the Price of Gold Up?

In the past ten years, drivers behind the rise in the price of gold include large demandincreases from individuals ...

Investors Have Forgotten that Central Bankers can Raise Rates Quickly

The end of May 2014 marks an important milestone in the practice of central banking.  It has been ten years since the most influential central bank – the US Federal Reserve – last beg...

What is to be Gleaned from the ECB's Recent Actions?

The most anticipated action this past week was the European Central Bank's (ECB) monetary policy announcement.  As was...

Debt Growth Across the Globe

The recent growth in debt across the globe is an issue of enormous importance.  Here is a look at what the joint collaboration between ...

An Eerie Connection to the 1970's

The current gold market cycle bears resemblance to the latter half of the 1970s.   How did gold perform in the latter&n...

Money Supply and Equity Markets Since 2007

Everyone knows that part of the reason that gold and other precious metals have performedso well over the past ...

Russia Increases Demand For Gold

In what is likely an unsurprising development, since the start of the Russia Ukraine conflict, Russians have become a ma...

Will Draghi and the ECB Follow the Lead of the US and UK?

The ECB announced that it would take initial steps towards a US-style quantitative easingprogram (QE). The announcement makes one wonde...

What Do Weakening Emerging Markets Mean for the Price of Gold

In a recent IMF research study, economists argued that the world is on less stable ground.  The interesting reason for a discussion of ...

S&P Technicals Give Concern - Point to Gold Upside

The S&P 500 peaked on September 18.  Since then it has been in a downward trend, overallshedding 2.2% in v...

Which Comes First: QE4 or a Rate Hike?

This past week was good for holders of gold, with the world's most well-known preciousmetal jumping 2% on concern th...

The Rest of 2014 Looks Good For Gold

The price of gold bottomed on October 5 at $1,195 per troy ounce (London PM).     Since then, the metal has been strong, up 3%.   Triggers behind the rece...

Will Gold Indicate the Impending Pop in the Equity Markets?

It is well know that the global economy, Europe in particular, is weaker than what many economists expected at the beginning of the year.    The question here is: Will the&nb...

Central Bank Demand For Gold Continues to Climb

Earlier this week the World Gold Council released its estimates of third quarter demand for gold. Included in these figures were the net central bank purchase estimates. The following is a look a...

The Currency Against Which Gold is Measured Matters

Gold is most often quoted in troy ounces per U.S. dollar. This occurs in the press, when gold is traded, and when i...

A Look at the Three Big Gold Ratios

Gold is sometimes used as a measuring stick, meaning that rather than measuring the priceof various items in Euros,...

A Look at Official Gold Reserves

Every now and then, it is useful to get a refresher on where official gold reserves are held.   The following maps the top 100 holders of official gold re...

A Look at the Debt Era

When economists evaluate the first 50 years of the 21st Century (14 of which are alreadyover), the period could very well become known as th...

Could Non-Performing Loans be the Next Trigger

The global economy has been recovering - on the whole - for about six years now. Interestingly, when looking at non-performing loans in many area...

Retail Sales Point Towards a Run-up in Gold

Retail Sales, perhaps the broadest measure of economic activity, have been weak across the globe recently.   The weakness, of course, poses the question - Is the weakness a sign of som...

Global Disposable Income

If asked where citizens have the largest amount of available revenue, would you guess the United States?  Luxembourg?  Japan? Here is a geographic look. The graph is color-coded.&n...

Perhaps the Gold Market Does Care About America

Observers of the gold market have seen a fascinating new trend develop over the past decade or so. What's happened? The gold market has quickly shifted attention away from economic condition...

Gold During Fed Tightening Cycles

Recently, American central bankers from the Federal Reserve have given indication that they plan on raising interest rates this year.   This step would be in stark contrast to other central...

Global Value-Added (GDP) and Gold

Individuals often ask – How is gold connected with the real economy (e.g. employment, production, consumption, and so forth)? Here is the first part – estimated global GDP per person. ...

Is it Time for the USA and China to Start Printing Money Again?

If you are an investor, this past week has been quite unpleasant. Markets across the globe weakened significantly. For the year as a whole, the European equity markets are showing no gain, while th...

Can the Fed use Gold as the Vacuum to Higher Inflation?

Friday was a fairly strong day for gold. The precious metal jumped 2% on reports that the American labor market was weaker than expected. Overall, since bottoming on September 11 at $1,100 per troy...

Gold YTD Projections for the Rest of 2015

It has been a relatively lackluster year so far for gold. As of Friday, the precious metal was down about 2% for the year. What does the year-to-date (YTD) performance project for the remainder of ...

Job Growth in Big Countries around the World

Global markets responded meekly to Friday’s American jobs report, which came in well above expectations. How important are the European, American, Chinese, Russian, and other large countries&...

Do Central Bankers Play Politics?

If you are in any way involved in investments or a student of economics, you know that monetary policy is a hot topic. Within the debate about what to do about the money supply, or how to...

Market Overview - October 20, 2016

Gold has experienced a minor rally from its low of $1,250 per ounce on October 14. Currently, the spot price rests at around $1270 per ounce. Most of this movement has been the result of dollar weakne...

Economic Inflation, Uncertainty and Gold Prices

U.S Inflation is the biggest bullish factor for gold. This is because gold is traded in dollars and if the value of the dollar decreases, the value of gold will increase. Gold is also a store of wealt...

market Overview - October 27, 2016

The gold market continues to be driven by central banks and interest rate policy, and the metal is pushed downward by fears of a rate hike. The U.S presidential election adds volatility to the markets...

Market Overview - November 10, 2016

Trump has won an upset victory and is now president-elect of the United States. This result led to back and forth volatility in gold and the U.S Dollar, ending with gold at around $1,269 per ounce and...

Gold and Trump

On November 8th, 2016, the United States elected Donald J. Trump as president-elect. These results were an upset that was incorrectly predicted by most mainstream media sources. The election of Tru...

Market Overview - November 16, 2016

  The spot price of gold increased by 0.3 percent to $1,231.40 per ounce; however, the overall trend is downward, and the reasons for this are hard to pinpoint. In Europe, the economic sit...

What is Happening in India?

India is the #1 gold consumer in the world; it is important for gold investors to understand what is happening in this unpredictable market. The Indian physical gold market has been volatile in 2016. ...

Market Overview - November 21, 2016

The U.S stock market is soaring, pushing toward all-time highs on a flood of Trump optimism. In Asia, India’s currency mess continues; however, it seems to be having a beneficial effect on physi...

Market Overview - November 27, 2016

Gold is down $125 in three weeks, falling to $1,186.20. The metal has hit nine-month lows as the Dollar shoots to unprecedented highs - crushing the Japanese Yen, the Chinese Yuan, the U.K Pound, and ...

Market Overview - November 30, 2016

The U.S dollar rally shows signs of fading, and as a result, gold closes November 29th at $1,190.9 per ounce. However, over the long-term, the dollar is still strong because positive U.S economic news...

Market Overview - December 6 2016

The global economy is gaining momentum, but gold remains weak. The spot price hovers around $1,180 per ounce.  The United States Federal Reserve is expected to increase rates to a maximum of 0...

Market Overview - December 14, 2016

The market gives a U.S rate hike a 100 percent probability of occurring mid-December. As a result, the gold market continues to struggle as equities rally. The Trump rally is in full swing, as America...

Platinum & Palladium

If the evidence coming out of the U.S economy is any indicator, the global economy may be on the verge of another large expansion period. For precious metals investors, the news is mixed because while...

Market Overview - December 18, 2016

Gold short-sellers were in for a nasty surprise on Friday the 16th of December as gold jumped sharply. The metal pared its month-long decline as tensions between the United States and China flared up ...

Is the US Economy in a Bubble?

The United States economy has been rapidly gaining ground after the election of Trump. Unemployment hit 4.6% – its lowest since 2007, and the S&P 500 breaches all-time highs almost weekly. O...

Market Overview - January 3, 2017

The gold spot price is around $1,162.00 as of December 30th 2016. The metal has recovered significant value as the Dollar falls against both the British Pound and Chinese Yuan. U.S bond yields also fe...

Market Outlook, 2017

Gold has traditionally been seen as a hedge against political uncertainty, but in recent years the metal hasn't performed in this capacity. This underperformance is due to dollar strength and an i...

Market Overview - January 5, 2017

Gold starts the new year with a bang. The spot price of the yellow metal settles at $1,182.70 - a fourweek high - as of January 5, 2017. In the United States, doubts about the Fed’s aggressive r...

Palladium Soars

Readers may remember the December article “Platinum and Palladium” explaining the outlook for the platinum group of metals (platinum and palladium).    “With the incred...

Market Overview - January 14, 2017

Trump is beginning to deliver the boost to gold many investors expected back in November. The metal surges past $1,200 in reaction to his first post-election press conference. The market is disappoint...

Market Overview - January 20, 2017

The United States Dollar took a bit of a dive after Trump suggests its strength may be bad for the U.S economy. The currency later strengthened after Janet Yellen reiterated the U.S Fed's hawkish ...

Physical Gold vs Mining Companies

When precious metals prices go up a familiar question is asked: Should I invest in gold miners or physical metal? The answer to this is simple. Physical metal outperforms gold miners over the long run...

Market Overview - January 31, 2017

The British pound appreciates sharply as the Supreme Court decides the Prime Minister does not have the authority to trigger Article 50 and start Brexit without consulting MPs. The market believes thi...

Market Overview - February 19, 2017

Yellen sent the Dollar soaring after reaffirming her aggressive rate hike plans stating "It would be unwise to wait too long to raise rates" - in light of increasing U.S inflation and good e...

Greece and the Euro

Greece is a thorn in the European Union's side, and problems are flaring up again. Athens is refusing to agree to the heavy austerity measures demanded by its creditors over its 86 billion euro re...

Euro Uncertainty

This year will be a turning point for the European Union and its shared currency, the Euro. In the first half of 2017, the Netherlands, France, and Germany will hold crucial elections. These votes may...

Scottish Independence

The British Pound has taken another significant hit after news that Scotland’s First Minister Nicola Sturgeon is preparing to call for an independence referendum from the United Kingdom. Natural...

Market Overview, March 1 2017

On Tuesday, the markets closed lower in anticipation of the U.S President Donald Trump's first address to Congress. They look to open much higher in response to his pro-business attitude toward de...

The US Jobs Report

The actions and statements of the United States Federal Reserve are important to precious metals investors because the Fed controls key market variables: Interest rates, the Dollar, and overall econom...

Market Overview - March 13, 2017

The United States Fed looks likely to increase interest rates this month as a result of strong economic data and Trump's huge spending plans. The U.S equities markets continue to make record highs...

Market Overview - Mar 20, 2017

The United States draws a line in the sand regarding its trade policy, rejecting the anti-protectionist stance of other members at the G20 summit. In currency news, the Dollar gives up some of its rec...

Brexit Date Settled

The United Kingdom has established March 29th as a firm date for the start of Brexit. However, while Article 50 will trigger on this date, formal negotiations with the European Council may begin as la...

Political Uncertainty & Precious Metals

Investors are unsure about what they should be more worried about: U.S political uncertainty or European political uncertainty? In Europe, the Brexit process has been initiated, and now the United Kin...

Market Overview - April 2, 2017

Theresa May has sent a formal notice of the United Kingdom's intention to leave the European Union, kicking off the two-year process of separation known as Brexit. In response, the Pound falls sli...

Market Overview - April 6, 2017

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica} Many policymakers think it's time for the U.S Federal Reserve to reduce its $4.5 trillion balance sheet, and this news has m...

Geopolitical Challenges of 2017

The world is a powder keg of geopolitical uncertainty, and precious metals demand rises as investors look to hedge against political and economic shocks in the coming months. Global uncertainty is con...

The Euro's Fall Against the Dollar

The Euro is under significant downward pressure, and many analysts believe the European single currency is on its way to parity with the dollar. This doesn't necessarily mean a Brexit-style cu...

Market Overview - April 14, 2017

The United States government has resumed military action against the Assad regime in Syria, bombing a military installation in response to an alleged chemical attack against non-combatants. Another at...

Market Overview - May 1, 2017

The U.S economy is showing signs of slowing. But this is good news for precious metals investors who have seen gold and silver prices drop in the wake of Marine Le Pen's weak showing in the French...

Commodity Outlook, May 2017

Commodities are a big factor in the global economy, and when commodity prices go up, precious metals tend to follow. Oil, the most important commodity, has posted mixed performance in April, but sever...

Market Overview - May 17, 2017

Precious metals prices are beginning to recover after losing steam from Le Pen's defeat in France along with rising expectations for a U.S rate hike in June. Gold has risen near its two-week high ...

Gold Market Overview, May 22 2017

Donald Trump's presidency is becoming a disaster as his political opponents in the media and government take every opportunity to drag down the controversial American president. There are even cal...